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RWM, PSCC: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Proshares Short Russell2000 (RWM), where 1,050,000 units were destroyed, or a 3.7% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the S&P SmallCap Consumer Staples Portfolio (PSCC), which lost 150,000 of its units, representing a 16.7% decline in outstanding units compared to the week prior. Among the largest underlying components of PSCC, in morning trading today Darling International (DAR) is down about 0.1%, and Caseys General Stores (CASY) is lower by about 0.8%.

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